Gold possible moves!
In a daily time frame, we saw a double bottom formation at the support of 1685, which got validated by the break of 1757, now is in a range to possibly continue to the descending trendline which also is the target of our double bottom.
If we see a break of 1799, we will see a run into the 1840's.
If we use RSI, we can see that is forming a possible divergence, which could be a sign of a reversal at the resistance, if that happens, we will probably see the price go retest 1760
If we see a break of 1799, we will see a run into the 1840's.
If we use RSI, we can see that is forming a possible divergence, which could be a sign of a reversal at the resistance, if that happens, we will probably see the price go retest 1760
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